RealKey
‪(213) 433-7766‬

28992 Banff Dr, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath

28992 Banff Dr, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$599,000
28992 Banff Dr, Lake Arrowhead, California 92352
3Beds
3Baths
2,384Sqft
11,600Lot

Price Vs. Estimate

The estimated value ($593,387.745) is $5,612.255 (0%) lower than the list price ($599,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11600, living area = 2384.
Top Cons:
History of Price Reductions & Failed Transaction: Multiple price drops from the original listing and a previous failed transaction ('Buyer could not perform') may signal potential issues or initial overpricing, raising buyer scrutiny.

Compared to the nearby listings

Price:$599.0K vs avg $675.0K ($-76,000)38%
Size:2,384 sqft vs avg 1,948 sqft70%
Price/sqft:$251 vs avg $35011%

More Insights

Built in 1980 (45 years old).
Condition: The property, built in 1980, is well-maintained but shows significant signs of being outdated. The kitchen features honey oak cabinets, white appliances, and speckled countertops, reflecting a style from 20-30 years ago rather than current trends. While functional, it requires substantial cosmetic updates. Light fixtures throughout are also dated. The extensive wood paneling, while contributing to 'mountain charm,' is a specific aesthetic that many buyers would consider outdated. The description itself notes it's 'move-in ready but offers the perfect canvas for a few remodeling touches,' indicating a need for updates rather than a fully modern condition. No images of bathrooms were provided, but given the kitchen's condition, it's reasonable to assume they would also require updating.
Year Built
1980
Close
-
List price
$599K
Original List price
$639K
Price/Sqft
$251
HOA
-
Days on market
-
Sold On
-
MLS number
IG25147855
Home ConditionFair
Features
Excellent View: City Lights, Desert, Mountain(s), Panoramic, Trees/Woods
Deck
ViewCity Lights,Desert,Mountain(s),Panoramic,Trees/Woods

About this home

Back on Market! Buyer could not perform! Where Mountain Charm Meets Endless Possibility – A Storybook Retreat with Lake Rights Tucked away on a beautifully treed lot just a short walk to the lake, this 3 bedroom, 3 bath mountain retreat feels like a hidden gem waiting to be discovered. From the moment you arrive, the inviting covered front porch welcomes you with the promise of cozy mornings and peaceful evenings surrounded by nature. Step inside and you’re greeted by the most breathtaking cathedral-style great room—a soaring open space with a dramatic prow front design, massive windows, and two fireplaces that anchor the home with warmth and character. It's the heart of the house, virtually staged to help you imagine family gatherings, fireside chats, and mornings bathed in golden light. The layout unfolds with multiple living spaces, including a flexible lower level that’s perfect as a game room, second living area, or guest suite. And for wine lovers, a private wine cellar awaits—ideal for storing your collection or hosting intimate tastings after a day at the lake. The large decks extend your living space outdoors, offering sweeping spectacular views—a daily reminder of the peace and beauty that surrounds you. Whether you're sipping coffee at sunrise or stargazing at night, this home invites you to slow down and savor every moment. The home is solidly built, with classic mountain charm and lake rights included. It’s move-in ready but offers the perfect canvas for a few remodeling touches to make it truly your own. Think of it as an opportunity, not just a home—whether you're looking for a weekend escape, a full-time sanctuary, or a great investment property with high rental potential. This is more than a home—it’s a lifestyle. A place to make memories, to gather, to unwind. And it’s waiting for you. --

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•0.5mi
4/10
Charles Hoffman Elementary School
Public,•K-5•6.7mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•7.9mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.5mi
/10
Rim Virtual
Public,•K-8•2.9mi
6/10
Rim Of The World Senior High School
Public,•9-12•3.8mi
Condition Rating
Fair
The property, built in 1980, is well-maintained but shows significant signs of being outdated. The kitchen features honey oak cabinets, white appliances, and speckled countertops, reflecting a style from 20-30 years ago rather than current trends. While functional, it requires substantial cosmetic updates. Light fixtures throughout are also dated. The extensive wood paneling, while contributing to 'mountain charm,' is a specific aesthetic that many buyers would consider outdated. The description itself notes it's 'move-in ready but offers the perfect canvas for a few remodeling touches,' indicating a need for updates rather than a fully modern condition. No images of bathrooms were provided, but given the kitchen's condition, it's reasonable to assume they would also require updating.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11600, living area = 2384.
Exclusive Lake Rights & Proximity: The property includes highly desirable Lake Rights and is situated just a short walk to the lake, offering unparalleled recreational access and enhancing its value.
Distinctive Architectural Design: Features a breathtaking cathedral-style great room with a dramatic prow front design, massive windows, and two fireplaces, providing unique mountain charm and abundant natural light.
Versatile Interior Layout & Amenities: Offers multiple flexible living spaces, including a lower level perfect for a game room or guest suite, complemented by a unique private wine cellar.
Expansive Outdoor Living with Panoramic Views: Large decks extend the living space outdoors, providing sweeping panoramic views of City Lights, Desert, Mountains, and Trees/Woods, ideal for relaxation and entertaining.
Strong Investment & Rental Potential: Marketed as an excellent opportunity for a weekend escape, full-time sanctuary, or a lucrative investment property with high rental income potential.

Cons

History of Price Reductions & Failed Transaction: Multiple price drops from the original listing and a previous failed transaction ('Buyer could not perform') may signal potential issues or initial overpricing, raising buyer scrutiny.
Requires Modernization/Updates: While described as 'move-in ready,' the property is presented as a 'canvas for a few remodeling touches,' indicating it may require additional investment to meet contemporary aesthetic and functional standards.
Virtual Staging Misrepresentation: The use of virtual staging could create a discrepancy between the online presentation and the property's actual, unstaged appearance, potentially leading to buyer disappointment upon viewing.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state